- Macro viewpoint: The dog days of summer "High levels of regulatory and economic uncertainty are an important headwind to the recovery. We expect these headwinds to ease over time."
- Fed watch: Bullard in a china shop "St. Louis Fed President Jim Bullard offered a trenchant critique of current Fed policy, and proposed a return to “quantitative easing” by the Fed. Wading through his self-described “geeky” paper, however, suggests more a series of probing questions than a sudden call for a policy reversal."
- The week ahead: All eyes on payrolls "The first week of each month is always important, but we view next week as especially important since we will get our first look at the third quarter. We expect to see signs of a slowing in sequential growth against an improving labor market backdrop. All eyes will be watching Friday’s employment report. We are expecting private payrolls to rise 125,000 in July, which is consistent with the “gradual” labor market recovery we heard repeatedly in this week’s Beige Book report from the
Fed."
- Fed watch: Bullard in a china shop "St. Louis Fed President Jim Bullard offered a trenchant critique of current Fed policy, and proposed a return to “quantitative easing” by the Fed. Wading through his self-described “geeky” paper, however, suggests more a series of probing questions than a sudden call for a policy reversal."
- The week ahead: All eyes on payrolls "The first week of each month is always important, but we view next week as especially important since we will get our first look at the third quarter. We expect to see signs of a slowing in sequential growth against an improving labor market backdrop. All eyes will be watching Friday’s employment report. We are expecting private payrolls to rise 125,000 in July, which is consistent with the “gradual” labor market recovery we heard repeatedly in this week’s Beige Book report from the
Fed."
Merrill Lynch US Economic Weekly 20100730
No comments:
Post a Comment